News by Tan Ai Leng

Sold for: RM2,705,400 (RM835psf); Concluded by: Henry Chin (E 1833) (012-377 8306) of Property Express; When: November 2019

Sold for: RM1.8 milllion (RM1,018.09psf); Concluded by: Jessica Tung (REN 05827) (012-381 7783) of Propnex Realty Sdn Bhd; When: November 2019

“If I could only have one wish from the government, it would be to declare a tax-free year for 2020. This will have a great impact on the macro economy as it will boost market liquidity and create a great multiplier effect,” said MKH Bhd managing director and 1Malaysia People's Housing Programme (PR1MA) chairman Tan Sri Eddy Chen.

“The Covid-19 pandemic has impacted every economic sector, this has opened up good investment opportunities as owners are looking to cash out to conserve cash for their business.”

Knight Frank Malaysia executive director of capital markets James Buckley: This does not mean the death of the office, but we could see a shift in the working model where it becomes more a place for connection, socialisation, creativity and innovation.

Sold for: RM4.5 million (around RM500.66 psf based on land area); Concluded by: Janice Ng (REN 01627) (012-316 1383) of Tech Realtors Properties Sdn Bhd; When: January 2020

The deferment package allows small and medium enterprises (SMEs) and individuals to delay their loan repayments up to six months from April 1. The deferment includes conventional loans and Islamic financing repayment obligations (including mortgage loan and hire purchase loan), except for credit card balances.

Sold for: RM2 million (around RM736 psf); Concluded by: Carmen Lee (REN 12639) (012-207 3989) of Reapfield Properties (HQ) Sdn Bhd; When: February 2020

Rented for: RM2,500 per month (RM4.16 psf); Concluded by: Ann Soh (REN 03232) (018-3698650) of Metro Rec; When: February 2020

Landladies Jennifer Wong and Cynthia Lim decided to reduce the rental fees to help their tenants get through this difficult time.